Personal Finance Chapters 1 and 2

What is a natural, physical or mental ability that allows you to do certain tasks well called?

Aptitude

What category is not found in the Occupational Outlook Handbook?

Athletics

What is a member of your network, such as a relative, friend, or former coworker called?

Contact

Supply and demand for workers in an occupation generally remain constant within the economy.

False, Supply and demand for workers in an occupation are not constant, but change with the economy

About how often should you reevaluate your career goals?

About every five years

What is a specialized, intensive program that prepares students for higher-level work responsibilities with more challenges and higher pay called?

Advanced Degree

You don't need to write down your goals, because they are constantly changing.

False, You should write down your goals because it will help you achieve them

A long-term goal is one you can expect to reach within six months or so.

False, about five to ten years or longer

Someone who organizes, manages, and assumes the ownership risks of a new business is called a supervisor.

False, entrepreneur

The things you like to do are called your aptitudes.

False, interests

The most advanced degree one can earn is called a master's degree.

False, professional degree in medicine (PhD)

In the self-assessment phase of career planning, you talk to people in the fields of work you find interesting.

False, research

Once you have had a formal interview with your employer, you should not contact the employer again unless you are offered the job.

False, you should contact the employer to follow up on your interview

Once you graduate and get a good job, you should never need to take another class.

False, you will more than likely need to take another class in order for an employee to retain the same level of employability

What personality traits would probably be helpful for someone who worked as a salesperson?

Outgoing and friendly

What is made up of the many physical individual qualities that make you unique called?

Personality

What do many schools have that offer services related to careers and employment?

Placement Centers

What is the ability to advance to positions of greater responsibility and higher pay called?

Promotion

What is learning new and different skills so you can retain the same level of employability called?

Retraining

What is the amount of monthly or annual pay that you earn for working called?

Salary

What is the first step in career planning?

Self-analysis

Jenny just received a promotion at work. What will she be doing now probably?

She will be doing more challenging work

What will the Occupational Outlook Handbook not tell you?

The names of the companies currently seeking employees

What are your values shaped by?

The news media, your family, religion

If you change careers, you may need to accept a lower wage as you work to gain experience in you new career field.

True

If you ignore technological change, you will likely find it difficult to advance in your career.

True

Many job listings are never advertised.

True

Most jobs require the same personality traits.

True

People who are happy with their work lives are more likely to be happy in other areas of their lives as well.

True

School placement centers usually offer their services free of charge to students.

True

Service jobs are dominated by technology and information needs that determine what will be produced.

True

Technology creates better and faster ways of getting things done.

True

The average person will spend about 86,000 hours on the job in his/her lifetime.

True

The main reason people work is to provide themselves with a sense of purpose in life.

True

What is advancing to a higher level of skill to increase your usefulness to an employer called?

Upgrading

What are the ideals in life that are important to you called?

Values

In the United States, what is the central activity of a person's life?

Work

What are the daily activities of a job and the environment in which they must be performed called?

Work Characteristics

What is a record of the jobs you have held and how long you stayed with each employer called?

Work History

What is the best work environment for a management job?

Work in an office close to top managers; under pressure to meet goals

Examples of employee expenses include parking costs and buying uniforms.

True

Groups of similar occupations across the nation are called clusters.

True

The Internet is not widely used for employee training.

False, It's becoming increasingly common

One of the highest paying career groups is called entry-level.

False, Occupational

Both businesses and workers must continually reinvent themselves to meet changing market needs.

True

Companies often list their job listings on their own websites.

True

Working in a temporary job is a bad idea if you have high career goals.

False

What is a major economic trend affecting all Americans?

A growing world market for U.S. goods

What are company-provided supplements to salary called?

Benefits

In what section of the newspaper can you find the help wanted ads with job openings in your area?

Classified Section

What is it called when students attend classes part of the day and then go to a job that provides supervised field experience?

Cooperative Education Program

What factor is not within your control when choosing your career?

Demand for workers in your chosen field

What are nations that currently have little industry and a low standard of living called?

Developing countries

What include any costs of working paid by the employee that are not reimbursed by the employer?

Employee Expenses

Who helps job seekers find a job for which they are qualified?

Employment Agencies

What is the knowledge and skills you have acquired from working in a career field called?

Experience

A self-assessment inventory is private; you should never let another person read or evaluate your self-assessment inventory.

False

Company websites offer little insight into which businesses can offer you the best career opportunities.

False

People who live a lavish lifestyle have better values than people who live a simpler lifestyle.

False

What is a desired end toward which efforts are directed called?

Goal

What is a type of employment agency that seeks out highly qualified people to fill important positions for an employer called?

Headhunter

What is who you are and how you fit called?

Identity

What is the way people choose to live their lives, based on the values they have chosen called?

Lifestyle

What is an evaluation of the positive and negative attributes of a given type of work called?

Job Analysis

What is spending a morning or afternoon with a worker in the type of job that interests you called?

Job Shadowing

What is the best resource for someone who wanted to learn about how to start and run a small business?

Junior Achievement

What would be considered a professional career?

Lawyer

What means actively seeking new knowledge, skills, and experiences that will add to your professional and personal growth?

Lifelong Learner

What are informal groups of people with common interests who interact for mutual assistance called?

Networks

A self-assessment inventory lists your strong and weak points along with plans for improvement as you prepare for a career.

True